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The huge rise of the entire cryptocurrency industry has been accompanied by the creation of countless innovative and profitable micro-industries that allow users to earn tokens using certain platforms. The development of such protocols has caused enough competition to attract customers, leading to better options, better return on investment, more robust networks, etc.
The LeoFinance team, seasoned crypto developers with over three years of experience, went down that road and their latest progeny is PolyCube – a polygon-based yield optimizer that aims to move to DeFi 2.0 and Web 3.
PolyCUB went live in March
Following the success of their previous efforts in the decentralized financial world, the LeoFinance team entered months of intense research on their next step in attracting market share to DeFi.
With PolyCube, a new application launched on the Polygon Network in early March, the team wanted to introduce better and more robust tokens and mechanics. The yield optimizer follows thousands of Monte Carlo simulations that allowed the team to determine how to build and maintain a sustainable DeFi platform.
Releasing the app directly to its community means users will be kept in the loop of all development. They will also be aware of a new set of opportunities when they want to join the Polygon Network.
Additionally, PolyCUB will serve as a vaulting mechanism inspired by other yield optimizers such as Kingdom Autofarm. They will be cross-platform yield farming vaults, allowing liquidity providers to stake assets on protocols such as SushiSwap or Curve, and they can stake those tokens across the states to earn two types of yield. One of them is the base APY from the original LP platform and the other comes from the Polycube APY.
This facility allows automatic compounding of base APY in the base asset pair which the user will be able to do with the LPD.
Lastly, Polycube can be staked in xPolyCUB to earn 50% fee penalty generated by other farmers who harvest their produce from the fields before the lockdown period. Every time someone claims their produce with a fee, the value of xPolyCub increases, making this vault another customizable option.
POLYCUB is designed for the hyper-deflationary aspect of BTC while retaining all the benefits of DeFi.
about the team
PolyCUB is a yield optimizer platform that provides DeFi users on the Polygon network a secure and easy way to discover and earn yields.
The platform was created by the LeoFinance Project, which has built around a dozen apps in the crypto space over the past 3 years and continues to build blockchain-based applications such as leofinance.io, cubdefi.com, polycub.com and many more!
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